Philippines October inflation climbs to 7.7% yr/yr

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Reuters
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November 4, 2022 - 9:13 AM
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A vendor tends to a customer behind a plastic barrier for protection against the coronavirus disease (COVID-19) at a public market, in Manila, Philippines, August 18, 2020. (Reuters/Eloisa Lopez,)

MANILA— Philippine annual inflation accelerated to 7.7% in October PHCPI=ECI from the previous month’s 6.9%, the statistics agency said on Friday.

Last month’s inflation rate was above the 7.1% median forecast in a Reuters poll, and near the top end of the central bank’s 7.1% to 7.9% forecast for the month.

—Reporting by Neil Jerome Morales; Writing by Enrico Dela CruzEditing by Ed Davies

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